Market Update

The U.S. Dollar (USD) is showing a mostly negative performance on Monday, amid concerns among investors about the prospects of a rise in inflation resulting from the economic recovery from the coronavirus pandemic. The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies, is …

European stocks finished Monday on a mixed note, opening the week with a fluctuating performance, as the markets witnessed hopes for recovery, as well as fears regarding a rise in inflation rates. The STOXX Europe 600 index closed higher by 0.11% at a new all-time record of 445.40 points. In …

Consumers in the United States expect a rise in inflation, amid the recovery from the coronavirus pandemic, resulting from higher housing prices, as shown by the results of a survey by the Federal Reserve Bank of New York on Monday. The April survey showed a median annual expectation for the …

The main indices of the New York Stock Exchange (NYSE) opened the new week on a varied note, with Wall Street investors mostly optimistic about the prospects of a strong recovery. Rising commodity prices also provided support to energy and mining stocks. The Dow Jones Industrial Average opened at a …

The European Central Bank chief economist, Philippe Lin, told a French newspaper that the European Central Bank could still increase bond purchases at its June meeting if such a step is needed to maintain favorable borrowing conditions. He also added that unemployment is not expected to return to its pre-pandemic …

The latest data published by the Sentix research on Monday, showed that investor sentiment in the eurozone improved much more than expected in May. The gauge came in at 21.0 in May from -13.1 in April vs. a reading of 14.0 expected.  In the Eurozone, expectations rose to +36.8 points, all-time …

Crude prices rose on Monday after a major cyberattack that shut down important fuel supply pipelines in the United States and underscored the fragility of its oil infrastructure. Prior to the opening of European markets, Brent crude rose 57 cents, equivalent to 0.8%, to $68.85 a barrel, after rising 1.5% …

The dollar fell to its lowest level in more than two months against other major currencies today, Monday, after the disappointing jobs report in the United States, prompting investors to reduce their forecast of raising interest rates, while the focus turns to inflation data released this week. The United States …

The cryptocurrency Ethereum surpassed the level of four thousand dollars on Monday, reaching a new peak for the third consecutive session amid a bet on the possibility of a broadening of its use base, which supported other digital currencies as well. Bitcoin hit its highest level in three weeks, and …

European stocks continued to rise to unprecedented levels today, Monday, thanks to optimism about the resumption of economic activities, while the policy of monetary easing contributed to the rise of sectors linked to the economic cycle, including the shares of mining companies and the financial sector.. The pan-European STOXX 600 …